Financial Institutions (FISI) Set to Announce Earnings on Thursday

Financial Institutions (NASDAQ:FISI) will release its earnings data after the market closes on Thursday, April 25th. Analysts expect Financial Institutions to post earnings of $0.66 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Financial Institutions (NASDAQ:FISI) last announced its quarterly earnings results on Thursday, January 25th. The bank reported $0.61 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.12). The company had revenue of $55.25 million during the quarter, compared to analyst estimates of $50.29 million. Financial Institutions had a net margin of 15.03% and a return on equity of 12.24%. On average, analysts expect Financial Institutions to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Financial Institutions Stock Performance

Financial Institutions stock opened at $17.35 on Tuesday. The stock’s 50-day moving average is $18.22 and its 200-day moving average is $18.74. Financial Institutions has a 12 month low of $13.84 and a 12 month high of $23.11. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market cap of $268.06 million, a price-to-earnings ratio of 5.49 and a beta of 0.87.

Financial Institutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Friday, March 15th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 6.92%. The ex-dividend date of this dividend was Thursday, March 14th. Financial Institutions’s payout ratio is 37.97%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. TheStreet raised shares of Financial Institutions from a “c+” rating to a “b-” rating in a report on Thursday, December 28th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $23.00 price target on shares of Financial Institutions in a research report on Tuesday, April 2nd. Finally, Piper Sandler reiterated a “neutral” rating and set a $19.00 price target (down previously from $23.00) on shares of Financial Institutions in a research report on Monday, March 25th. Four research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Financial Institutions has an average rating of “Hold” and an average price target of $20.67.

Financial Institutions Company Profile

Financial Institutions, Inc operates as a holding company for the Five Star Bank, a chartered bank that provides banking and financial services to individuals, municipalities, and businesses in New York. The company provides checking and savings account programs, including money market accounts, certificates of deposit, sweep investments, and individual retirement and other qualified plan accounts, as well as NOW accounts.